Life Insurance with blood clots or Deep Vein Thrombosis
If you have or have had blood clots or Deep Vein Thrombosis (DVT) then you need to read this. The key to finding the lowest life insurance rates with DVT or blood clots is choosing the top rated best life insurance companies that cater to this specific health niche. There are three important questions you need to ask:
- Can I get life insurance?
- What will it cost?
- What is the process?
Let’s begin with a brief overview.
When blood thickens and clumps together a blood clot is formed. Your heart pumps blood on one end but the only way blood flows back is through physiology. The movement of your muscles helps squeeze your veins pushing your blood along. Certain valves in your veins only allow blood to flow toward your heart. Isn’t the human body amazing?
A blood clot is not dangerous in itself. It becomes dangerous when a part of the clot breaks off and travels into the lung. The result is pulmonary embolism which can lead to part of the lung dying.
Can I get life insurance with blood clots or deep vein thrombosis?
The quick answer is, YES.
Life insurance companies will be concerned with:
- Date you were diagnosed
- Medications prescribed
- Were you hospitalized
- How many events have you had
- Have you been diagnosed with pulmonary embolism
The answer to these questions will determine your eligibility for life insurance.
What is the cost?
Life insurance carriers have about 16 different rate classes. What rate class you qualify for and the type of life insurance you choose will determine your cost.
The good news is, if you no longer have a blood clot and if it has been two or more years since your episode, you can be on a blood thinner (such as Coumadin), and still have a shot at the best rate class.
For more serious conditions such as pulmonary embolism, or if you have multiple occurrences, you will probably receive a standard rate class, at best.
If it has not been two years since your last episode then you will need to consider burial insurance from the top final expense and burial insurance companies where there are no health questions and no medical exam.
If you are curious what your price tag would be, simply enter your information and see what the price for the rate class you qualify for would be for your age and gender.
What is the process?
A fully underwritten life insurance policy requires a life insurance medical exam. The examiner typically comes to your home and checks your height and weight and takes a small blood and urine sample. Your lab results are then processed. The carrier will request physician statements and look into your medical records. The carrier will also do a prescription database check to see what medications you are currently taking and have taken in the past. An underwriter will then assess your “risk” level and give you a rate class assigned to your specific risk. For more serious cases you will probably be considered “high risk.” Your assigned agent at TermLife2Go will then follow up with you and let you know of your approval.
The entire process is handled by us so you can just sit back and wait for the life insurance carrier to complete your file. Speaking of life insurance carriers, not all life insurance carriers are the same!
Not all life insurance carriers are the same
The life insurance industry is just like every other industry out there. Competition is constantly driving insurance carriers to compete for your business. As a result, carriers take on “niches” in an effort to earn market share. It is important to know these niches and it is important the agency you chose has the freedom to choose from multiple life insurance carriers. As a consumer, it is in your best interest to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of different companies available. Only by doing this can you insure that you are getting the best policy tailored to your specific needs.